Fastway SBA is a trusted lending partner for SBA loans. Our Mission is to Empower and Grow Small Businesses by providing fast and affordable financing.
Wondering if a long-term loan is right for your business? Find out now with FASTWAY SBA’s risk-free loan calculator. In just a few simple clicks you can unlock your estimated monthly payment and discover just how affordable growing your business can be.
With SBA Loans, borrowers can receive up to $5 million with repayment terms of up to 25 years. These loans are attractive to small businesses due to their affordable cost and long term structure. Funds can be used for various small business purposes, including working capital, equipment, and real estate.
Prior to diving into a full SBA application submission, the team at Fastway SBA provides each prospective applicant an overview of what is possible, based on key qualifying characteristics of your business. We use these benchmarks to understand your business’s unique pre-approval: Time in Business, Personal Credit Score, Business Profitability, Industry Type, and Current Business Debt Servicing.
SBA loans are specifically engineered to support business growth. So whether you’re looking to buy equipment, acquire real estate or address business working capital needs, the SBA’s mission is to help expand American Small Businesses.
Since SBA loans are guaranteed by the federal government, banks are confident to lend to SBA approved businesses that would otherwise be declined for conventional bank credit. This makes for a simpler funding process, eliminating the usual underwriting obstacles.
Our SBA lenders offer extended repayment timelines along with competitive low-interest rates. The SBA loans we offer are definitively the more advantageous option compared to other small business lending choices.
The SBA has processed over 3.8 million EIDL loan forgiveness applications as of Q1 2024, with billions in relief provided to eligible businesses. In total, the SBA could forgo collections on over $72 billion of COVID program loans, without appropriate justification or authorization to do so by Congress. However, there is still a backlog, with processing times averaging 6-8 weeks. Key eligibility criteria includes proving a 30%+ revenue loss in any 8-week period after the covered period began and having spent EIDL funds on eligible expenses like payroll, rent, utilities, etc. The maximum forgiveness amount is $150,000.
At Fastway SBA we love hearing how we've helped our clients thrive. From SBA loans to Lines of Credit, there's no deal we can't get done. 💪
Did you know that you can still get an SBA loan even with tax liabilities? Read more here 🤔
See if you qualify for an SBA loan in your state by getting started here.
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FastWay SBA just funded a $500K SBA loan for an engineering company in Maryland—in just 2 weeks! With a 10-year term, this business is set for success.Looking for fast, flexible SBA financing? Apply today
FastwaySBA fuels growth! We just funded a $205K SBA loan for an Indiana pest control company in only 2 weeks. With a 10-year term, we're helping businesses thrive. Ready to expand your company? Apply now and let FastwaySBA accelerate your success!
Don’t just take our word for it, check out what our customers have to say about us.
Fastway SBA is a trusted lending partner for SBA loans. Our Mission is to Empower and Grow Small Businesses by providing fast and affordable financing. With SBA Loans, borrowers can receive up to $5 million with repayment terms of up to 25 years. These loans are attractive to small businesses due to their affordable cost and long term structure. Funds can be used for various small business purposes, including working capital, equipment, and real estate.
At Fastway SBA we love hearing how we've helped our clients thrive. From SBA loans to Lines of Credit, there's no deal we can't get done. 💪
Did you know that you can still get an SBA loan even with tax liabilities? Read more here 🤔
See if you qualify for an SBA loan in your state by getting started here.
FastWay SBA just funded a $500K SBA loan for an engineering company in Maryland—in just 2 weeks! With a 10-year term, this business is set for success.Looking for fast, flexible SBA financing? Apply today
FastwaySBA fuels growth! We just funded a $205K SBA loan for an Indiana pest control company in only 2 weeks. With a 10-year term, we're helping businesses thrive. Ready to expand your company? Apply now and let FastwaySBA accelerate your success!
We’re excited to share a recent success story where we secured a $150K SBA loan for a trucking company, despite some challenges:
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Transcript:
There are programs for business owners that are in a payment plan,so if you have just tax liens and they're not dealt with or not currently on some kind of payment plan, then unfortunately you have to get on a payment plan. But, no we also have plenty of clients getting funded who are currently in payment plans and getting funded.
Join Gregory Young - SBA Lender @ First Savings Bank and Alex McAloon - CEO @ FastwaySBA as we break down the secrets to SBA loan approvals.
Key Takeaways:
ANNOUNCEMENT: We are opening up our SBA lending platform to new Referral Partners. Before now, we were only accepting submissions from Accounting Firms, but due to many requests, we are now opening up to any Small Business Advisors (business loan brokers, attorneys, business brokers, M&A advisors, etc).
Transcript:
Introducing the Fastway Referral Program.
Are you running out of options to help your more qualified small business clients? Fastway can help access SBA and Bank Financing.
Leverage our pre-existing network of preferred banks to garner the best terms for your clients and easily submit deals with live stage progress updates.
Fastway has perfected the approval and funding process for your more bankable clients. SBA Term Loans and Bank Lines of Credit options considered.
Schedule a time to speak with us about this Non-MCA Referral Option for your clients.
Thanks for your interest! Sign up today.
Your Minimum Time in business must be 2 years. HAVE YOU FILED TAX RETURNS? - Is there currently any personal or business tax liabilities? DOES YOUR BUSINESS SHOW PROFITABILITY ON LAST FILED TAX RETURN Great News! Even with Losses declared, your business can still be approved!
WHAT IS YOUR PERSONAL CREDIT? Minimum Credit is 650 for SBA Loans
Providing Fast SBA FUNDING
$50 -- $500,000 SBA Term Loans and Lines of Credit
10 year – Monthly Payments
Read More Here
Top Way for SBA loan Approval - High SBSS SCORE
The Fastest way to know if your business will be approved is to check your Business’s SBSS SCORE. The SBA uses the SBSS score to prescreen businesses applying for SBA loans. Learn More Today.
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